Can I use a platinum card for everyday purchases?

Yes. A platinum card works like any other card for everyday spending, but earns stronger rewards while you do it.

Do I need a high income for a platinum card?

Usually. Most platinum cards set a minimum income, often from around $60,000 a year.

Do platinum cards have higher fees?

Generally yes. The wider perks come with higher annual fees, so check the rewards and benefits justify the cost.

Platinum credit cards

Compare platinum credit cards offering bonus points, 0% introductory rates, complimentary insurance and other rewards tailored to your spending.

Lounge access, travel credits and concierge
Complimentary travel insurance and purchase protection
Higher points per dollar and bigger bonuses

Written by Andrew BoydReviewed by David Boyd

Featured

Qantas Money Platinum

120,000 bonus Qantas Points
12 months at 0% p.a. on balance transfers

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How many points could you earn?

Enter your monthly spend to see estimated annual points for each card below.

Compare 46 platinum credit cards

Credit card comparison table with rates, fees, rewards and apply links.
Card	Name and rating	Rewards program	Earn rate	Sign-up bonus	Annual fee	Est. points / yr
	FeaturedQantas Money Platinum	Qantas Frequent Flyer	1 pt per $1Capped	120,000 pts	$349	156,000 ptsWorth $1,872
	Bankwest Breeze Platinum Mastercard 8 reviews	—	—	—	$59		60 second approval
	humm90 Platinum Mastercard	—	—	—	$119
	Bankwest Zero Platinum Mastercard 8 reviews	—	—	—	$0		60 second approval
	American Express Platinum Card 16 reviews	American Express Membership Rewards	2.25 pts per $1Uncapped	200,000 pts	$1,450	281,000 ptsWorth $2,810	60 second approval
	Bank First Visa Platinum Credit Card	—	—	—	$99
	American Express Platinum Business Card 6 reviews	American Express Membership Rewards	2.25 pts per $1Uncapped	350,000 pts	$1,750	431,000 ptsWorth $4,310	60 second approval
	Bankwest More Platinum Mastercard 5 reviews	Bankwest More Rewards Program	2 pts per $1Capped	50,000 pts	$160	122,000 ptsWorth $732	60 second approval
	Westpac Altitude Rewards Platinum 19 reviews	Westpac Altitude Rewards	1 pt per $1Capped	100,000 pts	$99	136,000 ptsWorth $1,360	60 second approval
Bank of QueenslandPlatinum •••• •••• •••• •••• Credit Card CompareVisa	BOQ Platinum Visa Credit Card	Q Rewards	2 pts per $1Uncapped	100,000 pts	$75	172,000 ptsWorth $860
	Macquarie Platinum Card 2 reviews	Macquarie Credit Card Rewards Program	1 pt per $1Capped	—	$149	36,000 ptsWorth $216
	St.George Amplify Rewards Platinum	Amplify Rewards	1 pt per $1Capped	100,000 pts	$99	136,000 ptsWorth $1,360	60 second approval
	BankSA Amplify Rewards Platinum	Amplify Rewards	1 pt per $1Capped	100,000 pts	$99	136,000 ptsWorth $1,360	60 second approval
	Bank of Melbourne Amplify Rewards Platinum	Amplify Rewards	1 pt per $1Capped	100,000 pts	$99	136,000 ptsWorth $1,360	60 second approval
	NAB Rewards Platinum Card	NAB Rewards	1 pt per $1Capped	100,000 pts	$195	136,000 ptsWorth $1,360	60 second approval
	Bankwest Qantas Platinum Mastercard 4 reviews	Qantas Frequent Flyer	0.6 pts per $1Capped	80,000 pts	$199	99,800 ptsWorth $1,198	60 second approval
	Latitude 28° Global Platinum Mastercard 47 reviews	Latitude Rewards	—	—	$0
	ANZ Rewards Platinum	ANZ Rewards Program	1.5 pts per $1Capped	125,000 pts	$94	167,000 ptsWorth $835	60 second approval
	ING Orange One Rewards Platinum	—	—	—	$149
	P&N Bank Visa Platinum Credit Card	—	—	—	$99
	ANZ Platinum Credit Card 19 reviews	—	—	—	$0		60 second approval
	BOQ Specialist Platinum Credit Card	Qantas Frequent Flyer	0.4 pts per $1Capped	—	$0	14,400 ptsWorth $173
Virgin MoneyPlatinum •••• •••• •••• •••• Credit Card CompareVisa	Virgin Money Anytime Rewards Credit Card	Virgin Money Rewards	1 pt per $1Uncapped	60,000 pts	$149	96,000 ptsWorth $960	Application
	Bendigo Bank Platinum Rewards Credit Card	Bendigo Rewards	1.5 pts per $1Uncapped	—	$89	54,000 ptsWorth $270
	HSBC Platinum Credit Card	HSBC Rewards Plus	1.5 pts per $1Capped	—	$199	54,000 ptsWorth $540
	BankSA Amplify Qantas Platinum	Qantas Frequent Flyer	0.35 pts per $1Capped	100,000 pts	$175	112,600 ptsWorth $1,351	60 second approval
	St.George Amplify Qantas Platinum	Qantas Frequent Flyer	0.35 pts per $1Capped	100,000 pts	$175	112,600 ptsWorth $1,351	60 second approval
	Westpac BusinessChoice Rewards Platinum Credit Card	Qantas Business Rewards	0.5 pts per $1Capped	100,000 pts	$150	118,000 ptsWorth $1,416	60 second approval
	Bank of Melbourne Amplify Qantas Platinum 2 reviews	Qantas Frequent Flyer	0.35 pts per $1Capped	100,000 pts	$175	112,600 ptsWorth $1,351	60 second approval
	Westpac Altitude Qantas Platinum	Qantas Frequent Flyer	0.35 pts per $1Capped	100,000 pts	$175	112,600 ptsWorth $1,351	60 second approval
WestpacPlatinum •••• •••• •••• •••• Credit Card CompareMastercard	Westpac Altitude Velocity Platinum	Velocity Frequent Flyer	0.35 pts per $1Capped	100,000 pts	$175	112,600 ptsWorth $1,126	60 second approval
	Heritage Bank Visa Platinum Credit Card 1 review	Heritage Credit Rewards	3 Heritage Credits per $1,500Uncapped	—	$125	72 ptsWorth $0
	Westpac Altitude Business Platinum Credit Card	Westpac Altitude Rewards	1 pt per $1Uncapped	—	$200	36,000 ptsWorth $360	60 second approval
	HSBC Platinum Qantas Credit Card 4 reviews	Qantas Frequent Flyer	1.5 pts per $1Capped	—	$399	54,000 ptsWorth $648
	Qudos Bank Visa Platinum Credit Card	Qantas Frequent Flyer	1 pt per $1Capped	—	$189	33,000 ptsWorth $396
	Great Southern Bank Platinum Credit Card	—	—	—	$144
	American Express Platinum Edge Credit Card 18 reviews	American Express Membership Rewards	1 pt per $1Uncapped	—	$0	36,000 ptsWorth $360	60 second approval
	ANZ Frequent Flyer Platinum 34 reviews	Qantas Frequent Flyer	0.75 pts per $1Capped	40,000 pts	$240	67,000 ptsWorth $804	60 second approval
	G&C Mutual Bank Platinum Visa Credit Card	Qantas Frequent Flyer	1 pt per $1Capped	30,000 pts	$299	66,000 ptsWorth $792
	Bank Australia Platinum Rewards Visa Credit Card 2 reviews	Qantas Frequent Flyer	0.75 pts per $1Capped	—	$189	27,000 ptsWorth $324
Unity BankPlatinum •••• •••• •••• •••• Credit Card CompareVisa	Unity Bank Platinum Visa Credit Card	Qantas Frequent Flyer	1 pt per $1Capped	30,000 pts	$299	66,000 ptsWorth $792
	Bendigo Bank Qantas Platinum Credit Card	Qantas Frequent Flyer	0.6 pts per $1Capped	—	$149	21,600 ptsWorth $259
	American Express Velocity Platinum Card 8 reviews	Velocity Frequent Flyer	1.25 pts per $1Uncapped	50,000 pts	$440	95,000 ptsWorth $950	60 second approval
	CommBank Business Platinum Awards Credit Card 13 reviews	CommBank Awards Program	1 pt per $1Capped	—	$300	36,000 ptsWorth $216	60 second approval
David JonesPlatinum •••• •••• •••• •••• Credit Card CompareMastercard	David Jones Prestige Credit Card	David Jones Rewards	1 pt per $1Uncapped	—	$295	36,000 ptsWorth $216	Application
Virgin MoneyPlatinum •••• •••• •••• •••• Credit Card CompareVisa	Virgin Australia Velocity Flyer Credit Card	Velocity Frequent Flyer	0.66 pts per $1Capped	—	$149	20,880 ptsWorth $209	Application

Platinum by the numbers

Cards compared

2.25 pts per $1

Top earn rate

101,522 pts

Average sign-up bonus

$3,500

Highest-value sign-up bonus

American Express Platinum Business Card

$222

Average annual fee

What are platinum credit cards?

Platinum cards are premium cards with extras like higher credit limits, more generous rewards, and perks such as complimentary travel insurance, concierge and lounge access.

They work like a standard card but carry higher annual fees and stricter eligibility, aimed at higher earners who'll use the perks. For the tier above, compare black cards; for a lighter option, gold cards.

Who is eligible?

Platinum cards were once highly exclusive, but eligibility now varies with the range of options. The main factors are a minimum income, stable employment, a strong credit history and residency.

What to weigh up, and how to get value

Before applying, weigh the annual fee, interest rate, any balance transfer offer, the rewards program and lifestyle perks like concierge.

To get value, pay the balance in full each month, redeem points for high-value options, activate the insurance by booking travel on the card, and use extras like concierge and lounge access.

Platinum credit card FAQs

Black cards are generally more exclusive, though there are exceptions. The American Express Platinum Card, for instance, offers benefits comparable to many black cards, including an annual travel credit, lounge access, hotel perks, dining credits and insurance.

Questions and answers

No questions yet. Ask the first one about Platinum credit cards.

Related card types

Black credit cards Charge cards Gold credit cards Mastercard credit cards Metal credit cards Rewards cards

Sources

Credit Card Compare: Australian credit card statistics